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Suppose i have 4 HP in that 2 are residencial and 2 are commercial out of that i use 1 for resident purpose and 1 commercial property for business purpose than now what will be the treatment of 2 properties that left
Replies (8)
Both are vacant or given on rent?
Both are Vacant
Deemed rental income taxable till you sale. & Capital Gains tax when you sale.
If 2 propertieas are there both are commercial .... than how it is treated... only 2 commercial property are there , there is no house property than
Held as investment or fixed asset?
Fixed asset
Fixed asset
No deemed rental income
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